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According to a new report, mortgage lenders are taking increased credit risks similar to those of the early 2000s, Released on Tuesday, the report shows that tThe level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. The shift is likely a result of declining refinances, rising mortgage rates, and an increased share of investor, condo, and co-op purchases.
Read More »Lenders Loosen Risk Standards as Rates Rise
